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20121119
20121119
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FOX Business
Nov 19, 2012 1:00pm EST
: president obama congressional leaders came out of the meeting with positive comments. calling business leaders in hopes of drumming up additional support. rich edson with the latest on that. >> one potential this solution would be towed forward to next year to ensure congress acted, to feature benchmarks and penalties, those penalties would be automatic revenue increases and spending cuts. sounds a lot like those in the . a second sequester grabbing traction. while on air force one, president obama called a handful of ceos including warren buffett, tim cook and david diamond and others. the white house searching for support for the fiscal cliff position, tax rate increases to begin in january for families earning more than $250,000 per year. process leadinthe process leadid entitlement reform next year democrats want the rate hike at the first step. they call that nothing more than a political victory addressing the problem. >> the symbolism and gestures as opposed to really trying to craft a good policy. isn't that a waste of time? >> this is only part of the proposed solution to addr
FOX Business
Nov 19, 2012 11:00am EST
low, but now they have an up arrow. connell: we will shift over to the debt crisis. president obama reached out and spoke to some. name ceos try to avoid going over the fiscal cliff. dagen: why is this a bad idea, monica crowley? this is what the president should be doing, should he not? >> if he didn't have a history of blowing off these ceos and their advice, and we would say, yes. every single time he has asked them to come in and talk, nothing comes of it. he doesn't listen to any of them dagen: maybe the fear is that we will go over the cliff. >> most of the ceos that you just put up on the screen, warren buffett, a huge supporter of his support tax hikes. the message he is getting is, yeah, go ahead and do what you want to do. connell: even when you listen to john boehner and others coming out, we are making progress. making progress means revenue is on the table. entitlement cuts, presumably, are on the table. >> it depends on what we mean by increased revenue. they have two courts declare principles that place here. number one, do not raise taxes. number two, cut spending. t
Search Results 0 to 1 of about 2